Whether you run a team of five people or 5000, operational complexity costs money. For companies who bill based on time, reducing operational complexity is even more of a necessity.
The level of detail that’s typically put into creating plans can get in the way of doing the actual work. By planning the boundaries of a project in terms of time and budget, you can ensure that work is completed as intended without the plan becoming too prescriptive.
The goal with planning projects in 10,000ft is to put in the right level of boundaries so your team stays on the same page with respect to time and budget, but there’s enough room for people to have autonomy and fill in the details themselves.
Operational complexity can also be reduced by choosing a blended bill rate for all people, and by sticking to one single rate for all clients.